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1.A contract entered into by a minor is
void
voidable
binding
illusory
2. A creditor of a sole proprietorship may seek recovery only from business assets of the sole proprietorship, not from personal assets of the sole proprietor.
True
False
3. Which of the following is true regarding any duties of controlling shareholders in relation to control of a corporation?
Controlling shareholders owe no duties other than to maximize their own wealth.
Controlling shareholders generally have a duty to control the corporation in a fair, just, and equitable manner, known as the standard of entire fairness.
Controlling shareholders may act to maximize their own wealth only so long as they do not intentionally harm and exhibit bad faith toward minority shareholders, a standard known as minority shareholder respect and fair dealing.
Controlling shareholders must appoint minority shareholders to vote a certain percentage of their shares in instances in which the minority shareholders demand that right.
A company makes apple butter to supply local vendors. The manufacturing company can make 330 pounds of apple butter per day and demand from vendors is 190 pounds per day. Each time the manufacturing company makes apple butter, it costs $176 to set up..
Which statement is correct in regards to developing required competencies through a “buy” approach?
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Research indicates that organizations believe project management is simply developing a project scope statement, creating a work breakdown structure (WBS), allocating resources, and finalizing a plan of action to reach an approved outcome. Consider t..
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How many Tiers are shown in this supply chain map?
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